NEW YORK (TheStreet) -- Shares of McDonald's (MCD) are gaining 2.13% to $90.61 in late morning Wednesday, after Pershing Square's Bill Ackman said on Bloomberg TV that he can't comment on yesterday's rumors regarding his firm potentially taking an activist stake in the fast food chain and pressure management into making changes.
Activist investor Ackman is rumored to be interested in investing in McDonald's and spinning off real estate assets into a REIT.
Ackman also noted that he's a happy shareholder of Burger King (BKW) .
In 2005, Ackman tried to convince the fast food company to spin-off 65% of its restaurants in a stock, but backed away when McDonald's announced a $1 billion buyback plan as well as plans to license 1,500 restaurants instead.
Separately, TheStreet Ratings team rates MCDONALD'S CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCDONALD'S CORP (MCD) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."